Ireland Rushes To Lay Budget Cuts Before IMF Does



The Irish government is fighting to remain independent, after there’s already lots of criticism that Ireland is “under foreign occupation” – the big EU / IMF convoy to Ireland makes many feel that that the government is no longer in control, and that people from the outside tell it what to do. The Irish cabinet will present a four year budget in the upcoming days, that is intended to show that it is still under control. The “IMF-like” program must originate from the government, and it make come as early as Sunday, November 21st.

At least there’s one issue which will probably get off the table – the 12.5% corporate tax will probably remain untouched. At least for now. The Irish crisis will provide lots of action for the Euro for another week at least. Here’s more about the Irish 4-year budget.


About

Yohay Elam – Founder, Writer and Editor

I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me.

Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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